Market Overview
▪ The Hong Kong stock market closed higher today, with the three major indices continuing their recent rebound.
▪ The Hang Seng Index closed at 25,690.53 points, up 0.75%.
▪ The Hang Seng Tech Index closed at 5,479.04 points, up 1.12%.
▪ The National Enterprises Index closed at 8,901.23 points, up 0.68%.
Sector Performance
▪ The internet content and information sector performed outstandingly today, driven by increased user activity, with several leading stocks rising. Tencent Holdings rose 1.49%, Baidu rose 1.02%, and Kuaishou rose 1.45%. Funds continued to flow into key tech stocks, indicating a gradual recovery in investor risk appetite.
▪ The retail sector showed mixed performance, affected by fluctuations in consumer demand. Alibaba rose 0.83%, Miniso rose 1.58%, but JD.com fell 0.80%, indicating short-term differentiation in funds, with some stocks benefiting from the recovery logic of domestic demand, while others were impacted by the crowding-out effect.
▪ The restaurant sector overall rose, driven by consumption recovery, with Haidilao rising 1.23% and Yum China rising 0.59%. The sector saw net inflows, as investors were relatively optimistic about the post-pandemic outlook for the restaurant industry.
Macroeconomic Background
▪ Retail sales data in the Hong Kong stock market showed a month-on-month increase, indicating continued improvement in local consumption, further strengthening expectations for consumption recovery. In the short term, Christmas consumption performance, fluctuations in the RMB exchange rate, and global interest rate changes remain important factors affecting market fund allocation and confidence.
Popular Stocks
▪ Youjia Innovation (2431.HK) surged 31.22% today, with a transaction volume of HKD 626 million. Smart driving concept stocks continued to rise, with stock prices breaking through on increased volume, indicating market funds are chasing tech growth logic, significantly enhancing short-term enthusiasm.
▪ CIMC Group (2039.HK) rose 15.47%, with a transaction volume of HKD 154 million, as cyclical demand improved, catalyzing a return of funds to cyclical leaders.
▪ Kangqiao Yuelife (2205.HK) rose 73.91%, with a transaction volume of HKD 3.7 million, strongly leading the market, with clear sector rotation and short-term fund speculation.
▪ Aoda Holdings (9929.HK) rose 20.00%, with a transaction volume of HKD 8.1 million, also influenced by speculative effects, with specific logic primarily based on themes and short-term speculation.
Top 10 Market Transaction Volumes
▪ Tencent Holdings (700.HK) latest transaction price HKD 614, up 1.49%, transaction volume HKD 10.899 billion.
▪ Alibaba -W (9988.HK) latest transaction price HKD 145.30, up 0.83%, transaction volume HKD 10.238 billion.
▪ Meituan -W (3690.HK) latest transaction price HKD 102.70, up 1.28%, transaction volume HKD 5.226 billion.
▪ China Construction Bank (939.HK) latest transaction price HKD 7.49, down 0.40%, transaction volume HKD 4.678 billion
▪ Xiaomi Group -W (1810.HK) latest transaction price HKD 40.54, increase of 0.85%, transaction amount HKD 4.385 billion
▪ Yangtze Optical Fibre and Cable Joint Stock Limited Company (6869.HK) latest transaction price HKD 51.75, increase of 12.01%, transaction amount HKD 3.317 billion
▪ Contemporary Amperex Technology Co., Limited (3750.HK) latest transaction price HKD 505.00, increase of 2.23%, transaction amount HKD 3.303 billion
▪ Horizon Robotics -W (9660.HK) latest transaction price HKD 9.12, increase of 7.04%, transaction amount HKD 2.908 billion
▪ Semiconductor Manufacturing International Corporation (981.HK) latest transaction price HKD 65.05, increase of 0.54%, transaction amount HKD 2.561 billion
▪ China Mobile Limited (941.HK) latest transaction price HKD 83.90, decrease of 0.18%, transaction amount HKD 2.492 billion

Hong Kong stocks closed higher today with fluctuations, as all three major indices rose. The Hang Seng Index, Hang Seng Tech Index, and the National Enterprises Index maintained high-level fluctuations. The technology, internet content, and catering sectors led the gains, with heavyweight stocks like Tencent, Meituan, and Alibaba all closing in the green, and capital activity continued to increase. Retail data showed improvement, confirming the recovery in consumption. Stocks like Youjia Innovation and Kangqiao Yuelife also surged, driving market hotspots. Investors are focusing on Christmas consumption and fluctuations in the RMB exchange rate in the short term

- Hong Kong stocks closed higher today, continuing recent rebound momentum with the Hang Seng Index up 0.75% at 25,690.53 points.  
- The internet content sector performed well, driven by increased user activity, while retail performance varied due to fluctuating consumer demand.  
- Notable gainers included Youjia Innovation, which surged 31.22%, reflecting strong market interest in technology growth stocks.

Market Heartbeat

TENCENT

BIDU-SW

KUAISHOU-W

MNSO

JD-SW

HAIDILAO

YUM CHINA

MINIEYE

CIMC

KANGQIAO SER

SEM HLDGS

MEITUAN

XIAOMI-W

Meituan

BABA-W

Alibaba

Hong Kong stocks closed｜Three major indices rose for consecutive days, with the Hang Seng Index up 1.25% leading the way. The technology sector was strong, with Youjia Innovation rising over 31%